Easing case strengthens on weak PMIs – Commerzbank

Commerzbank’s Dr. Henry Hao argues that two months of broad Purchasing Managers’ Index (PMI) contraction leave China’s Gross Domestic Product (GDP) growth tracking below the official 4.5%-5.0% target, intensifying pressure on Beijing. Fiscal spending is slowly easing from austerity, with new coordinated measures planned for H2. The People’s Bank of China (PBoC) signals moderately loose […]

British Pound edges higher as USD softens ahead US jobs data

The Pound Sterling advances during the North American session, up a modest 0.09%, as the Greenback edges lower despite last Friday’s hawkish remarks from Fed Chair Warsh, ahead of a packed week of economic data from the United States (US). The GBP/USD trades at 1.3549. GBP/USD steadies as traders weigh Warsh, Oil risks and upcoming […]